Major Rating Factors:
History of adequate reserve strength (6.1 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Fair profitability index (2.9) with operating losses during 2022. Average return on equity over the last five years has been poor at -0.9%. Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022.
Other Rating Factors:
Excellent liquidity (7.1) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.4). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (83.2%), homeowners (12.2%), other (4.6%)
Licensed in:
FL, GA, TN
Principal Investments:
Investment grade bonds (72.9%), common stock (5.1%), other (22.0%)
Corporate Info
Group Affiliation
Auto Club Ins Association Group
Investment Rating
--
Company Address
9125 Henderson Road
Tampa, FL 33634
Tampa, FL 33634
Phone Number
(800) 289-1325
NAIC Number
41041
Website
Largest Affiliates